If you do not make re re payments on the student education loans for 9 months, your servicer will likely think about this a standard.
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A standard occurs after non-payment for:
- 270 times for that loan repayable in monthly payments; or
- 330 days for the loan repayable in less installments that are frequent
If that loan is delinquent, meaning you have not made re re payments, it is perhaps perhaps maybe not in standard, you ought to be in a position to get a deferment or forbearance in the event that situation is short-term.
While you are in standard, the guaranty agency or perhaps the Department of Education (DOE) can perform any or every one of the after: